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WSU Students and Their Investing Habits

Stock Trading | Graphic by Dylan Collison | The Wright State Guardian

Stock Trading | Graphic by Dylan Collison | The Wright State Guardian


Young people have started to invest in stocks as the pandemic has dragged on. Whether it is for supplemental income or boredom from quarantine, students have flocked to commission-free trading apps such as TD Ameritrade and Robinhood.

Among these students, a majority are young; according to CNBC, Robinhood states that the median age of their users is 31. The recent Robinhood controversy resulted in 440,000 more downloads for the trading app according to Vox.

Investing

Wright State University (WSU) students are among those who are now investing. Gani Sigiv, A Wright State senior and computer science major, started investing as the coronavirus took hold in March 2020.

“My dad was talking about how stocks were going to plummet because no one’s going to be flying, no one’s going to be buying anything. And so, but I would like to give you 100 bucks to invest in some stocks,” Sigiv said.

Sigiv’s brother also received $100 to invest. What started as a nice gesture from his father had led to Sigiv being invested in his stocks. 

Sigiv holds stocks in nine sectors, none of which come from the recent craze surrounding Gamestop, Amc and Dogecoin.

Why invest?

Trevor Paddon, a Wright State junior computer science major, started investing two years ago through TD Ameritrade, another commission-free app.

“So I start out with $20, and as [I made] profit, I sell and then I only use what I make as profit to continue investing. That way, I’m never taking out more money than I need to. I just use what I’ve made,” Paddon said.

Paddon says he invests just as a side hustle. 

The pandemic did not seem to contribute to Paddon being more invested in his stock purchases either.

“It didn’t accelerate at all, it just kind of always stayed the same. I just continued what I was doing,” Paddon said.

What is next?

As investing becomes accessible to more people through platforms like TD Ameritrade and Robinhood, it will be interesting to see how many people will adopt investing into their spending habits.


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